Osterweis Capital Management Inc. Invests $4.70 Million in CECO Environmental Corp. $CECO

Osterweis Capital Management Inc. bought a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) in the second quarter, Holdings Channel reports. The institutional investor bought 51,772 shares of the company’s stock, valued at approximately $4,698,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of CECO Environmental in the second quarter valued at approximately $29,000. GAMMA Investing LLC grew its position in CECO Environmental by 71.6% during the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after acquiring an additional 154 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in CECO Environmental during the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in CECO Environmental during the 3rd quarter valued at $25,000. Finally, Advisory Services Network LLC acquired a new stake in CECO Environmental during the 3rd quarter valued at $31,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on CECO. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of CECO Environmental in a research note on Tuesday, August 11th. Zacks Research lowered CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings cut CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. started coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target on the stock. Finally, Northland Securities set a $125.00 price objective on shares of CECO Environmental in a report on Thursday, August 13th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.88.

Insider Buying and Selling at CECO Environmental

In other news, CFO Peter K. Johansson sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the transaction, the chief financial officer owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. This trade represents a 42.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the completion of the transaction, the director directly owned 166,000 shares in the company, valued at $16,037,260. This trade represents a 17.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 16.90% of the company’s stock.

CECO Environmental Trading Down 1.4%

CECO stock opened at $70.27 on Wednesday. The company has a market cap of $4.12 billion, a P/E ratio of -101.84 and a beta of 1.51. CECO Environmental Corp. has a twelve month low of $42.78 and a twelve month high of $101.24. The company has a quick ratio of 1.18, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $79.80 and a 200-day moving average of $74.09.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.21. The business had revenue of $284.96 million for the quarter, compared to analysts’ expectations of $282.21 million. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.The firm’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share. As a group, equities research analysts expect that CECO Environmental Corp. will post 2.35 EPS for the current year.

CECO Environmental Profile

CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.